Announced

Completed

dormakaba completed the acquisition of AtiQx.

Synopsis

dormakaba, a firm that offers security hardware and systems, completed the acquisition of AtiQx, a provider of comprehensive, customized solutions for electronic access control and workforce management in the Netherlands. Financial terms were not disclosed. “AtiQx is one of the key players in the Netherlands and has a profound know-how of the local electronic access control market. They serve a well-established customer base with a passionate team of highly skilled employees. By joining forces, we can extend our scale and market access in our core business as well as in services," Jim-Heng Lee, dormakaba CEO.

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